Natixis Advisors LLC Purchases 66,993 Shares of Ally Financial Inc. (NYSE:ALLY)

Natixis Advisors LLC increased its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 211.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 98,634 shares of the financial services provider’s stock after purchasing an additional 66,993 shares during the quarter. Natixis Advisors LLC’s holdings in Ally Financial were worth $3,511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in Ally Financial by 510.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 526 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Ally Financial during the first quarter worth $28,000. Venturi Wealth Management LLC increased its holdings in Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 577 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Ally Financial in the 2nd quarter valued at approximately $41,000. Finally, Hobbs Group Advisors LLC acquired a new position in Ally Financial during the 2nd quarter worth approximately $52,000. Institutional investors own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ALLY shares. Bank of America cut their price target on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. JPMorgan Chase & Co. upgraded shares of Ally Financial from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $46.00 to $40.00 in a report on Monday, October 7th. Keefe, Bruyette & Woods cut their target price on shares of Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Barclays dropped their price objective on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 12th. Finally, BTIG Research downgraded Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and a consensus target price of $40.69.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $37.85 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $45.46. The stock has a market capitalization of $11.53 billion, a PE ratio of 15.14, a P/E/G ratio of 0.44 and a beta of 1.40. The business has a fifty day moving average price of $35.35 and a two-hundred day moving average price of $38.65.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.38. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. As a group, equities analysts predict that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is presently 48.00%.

Ally Financial Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.